Dawn, Texas Property Taxes
The median property tax rate in Dawn, TX is 1.69%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Dawn, the typical annual property tax bill reaches $2,608, slightly below the national median of $2,690. Property taxes in Dawn are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Dawn's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Dawn or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dawn, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.69%
Estimate Property Tax Bill
$2,602
$2,407
Ownwell’s DAWN Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in DAWN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in DAWN to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Dawn, Texas
Property taxes in Dawn, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dawn is 1.69%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Dawn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dawn estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Dawn's effective property tax rate to other counties in Texas and the national median. For comparison, the 79025 zip code has the highest median property tax rate of 1.69%, while the same zip code also has the lowest median tax rate of 1.69%. Understanding how these cities compare with Dawn provides valuable insights into the varying tax landscape across Deaf Smith County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dawn Tax Rate
1.69%
Average Deaf Smith County Tax Rate
1.87%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dawn, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79025 | 1.59% | 1.62% | 1.69% | 1.74% | 1.74% |
Source: Ownwell
Property Tax Assessment Values Across Dawn, Texas
In DAWN, Texas, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Deaf Smith County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In DAWN, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. The median home price in DAWN is $153,960, with tax bills ranging from $1,918 at the 25th percentile to $4,813 at the 90th percentile. Notably, the highest and lowest median tax bills are both $2,608 in the zip code 79025. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dawn Assessed Value
$153,960
Average Deaf Smith County Assessed Value
$121,050
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dawn, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79025 | $98,787 | $110,325 | $153,960 | $252,872 | $297,862 |
Source: Ownwell
Property Tax Bills Across Dawn, Texas
In Dawn, located in Deaf Smith County, TX, property tax bills are calculated based on the assessed value of your home. The assessed value is determined by the county appraisal district and reflects the market value of the property. Homeowners in Dawn experience property tax bills that vary significantly, with the 25th percentile at $1,918 and the 75th percentile reaching $4,080. The highest tax bills can go up to $4,813, placing a notable financial responsibility on homeowners. Several factors influence the property tax bill, including the property’s assessed value, local tax rates, and any applicable exemptions. The median home price in Dawn is $153,960, which, when compared to the national median property tax rate of 0.99%, indicates that Dawn's tax rates are relatively high. This can impact homeowners by increasing their annual expenses significantly, especially when compared to national averages. Homeowners should stay informed about their property’s assessed value and any changes in local tax rates to manage their financial planning effectively.
Average Dawn Tax Bill
$2,608
Average Deaf Smith County Tax Bill
$2,120
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Dawn, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79025 | $1,690 | $1,918 | $2,608 | $4,080 | $4,813 |
Source: Ownwell